Bought with Jaime Cortes • Coldwell Banker Realty
$203,000
$225,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
2,138 SqFt
SOLD DATE : 11/20/2025
Key Details
Sold Price $203,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,138 sqft
Price per Sqft $94
MLS Listing ID MDWC2019700
Sold Date 11/20/25
Style Bungalow
Abv Grd Liv Area 2,138
Year Built 1935
Annual Tax Amount $384
Tax Year 2024
Lot Size 1.080 Acres
Acres 1.08
Property Sub-Type Detached
Source BRIGHT
Property Description
Located at the corner of Allen Dr & Leonard Ln in the Northwood Industrial park. This property consists of 4 parcels two of which have residential rentals on them, all are Zoned I-2 Heavy Industrial in Wicomico County.
"2302 Allen Dr." - 1,142 SF | Rent = $400 per/month, (Verbal month too month lease) &
"2306. Allen Dr." - 996 SF | Rent = $1,250 per/month, (1 year lease, Expires on 6/30/2026)
This is a Prime opportunity for a residential Flipper or investor looking. for some value add, or a commercial user that wants to take advantage of the I-2 Heavy Industrial zoning and or the Location of the Northwood Industrial Park.
We also have the adjacent 2.19 Acre parcel to the west listed with a different owner creating 3.27 Acres, zoned I-2 Heavy Industrial in the Northwood Industrial Park, with no City Taxes.
Per "Maryland Renters' Rights and Stabilization Act of 2024" both tenants have been notified of the sale. One Tenant has exercised their right to make an offer. Their 30 day first right of refusal period ends 9-22-25.
- Excellent access off two roads
- Room for expansion and development
- Attractive investment opportunity
- Adjacent 2.19 Acres for sale separately (Totaling 3.27 Acres)
Location
State MD
County Wicomico
Area Wicomico Northwest (23-01)
Zoning I-2 HEAVY INDUSTRIAL
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Wall Unit
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 4
Garage N
Building
Foundation Block
Above Ground Finished SqFt 2138
Sewer Private Septic Tank
Water Private
Architectural Style Bungalow
Additional Building Above Grade
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2309001212
Ownership Fee Simple
SqFt Source 2138
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "